1(1)Section 195(4) (payroll carve-out amount) has effect for an accounting period that commences in a year listed in following table as if for “5%” there were substituted the specified percentage for that year—
| Year | Specified percentage |
|---|---|
| 2023 | 10% |
| 2024 | 9.8% |
| 2025 | 9.6% |
| 2026 | 9.4% |
| 2027 | 9.2% |
| 2028 | 9.0% |
| 2029 | 8.2% |
| 2030 | 7.4% |
| 2031 | 6.6% |
| 2032 | 5.8% |
(2)Section 195(5) (tangible asset carve-out amount) has effect for an accounting period that commences in a year listed in following table as if for “5%” there were substituted the specified percentage for that year—
| Year | Specified percentage |
|---|---|
| 2023 | 8% |
| 2024 | 7.8% |
| 2025 | 7.6% |
| 2026 | 7.4% |
| 2027 | 7.2% |
| 2028 | 7.0% |
| 2029 | 6.6% |
| 2030 | 6.2% |
| 2031 | 5.8% |
| 2032 | 5.4% |